Nth Exception is a leading fintech specializing in ISO 20022 and cross-border payments, with a proven track record of delivering innovative solutions to help businesses optimize their payment processes. With its deep expertise in financial technology and a commitment to delivering exceptional customer service, Nth Exception has become a trusted partner for businesses looking to streamline their payment processes. 


Nth Exception's expertise in ISO 20022 and cross-border payments has enabled us to develop cutting-edge solutions that help clients reduce transaction costs, enhance operational efficiency, and mitigate risks associated with cross-border payments. Our partnership with Swift, coupled with our expertise in ISO 20022, has enabled us to develop cutting-edge solutions that help financial institutions reduce transaction costs, enhance operational efficiency, and mitigate risks associated with cross-border payments.


What Is ISO 20022?


ISO 20022 was introduced by the International Organization for Standardization in 2004. It is an open and general-purpose global financial electronic communications standard. The ISO 20022 message standard is a data library of business components from which messages can be defined. It is used for the development of financial industry messaging covering payments, securities, trade services, cards, and foreign exchange industries. The ISO 20022 message standard covers a variety of communication between financial institutions, FMIs, and corporates, including:


•    end-to-end payment processing between the sender and receiver


•    standing payment authorities, such as direct debit authorizations for bill payments


•    account management, such as statements and account balance reporting


•    extended ‘remittance’ fields within payment messages, which allows more data such as invoice details.



The ISO 20022 message standard provides flexibility as payment messages can be adapted over time to evolving requirements. It supports structured, well-defined, and data-rich payment messaging. This improves the quality of payment information contained in the message.

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